Plus pluses etc account for more than 1 billion tonnes.
Yet only 2% is
processed, against Brazil (70%), US ( 65%), Thailand ( 60%) and Malaysia
(80%).Now we have Chappati machines ( 8000 chappatis per hour ), dosha machines,
vada machines and India is on the go !
The MPEDA proclaims record stats. Marine exports income a record, 18800 crores in 12-13. MPEDA projects 14 earnings at 4.5 billion dollars. Kerala Tourism achieved a record 21125 crores and Indian Tourism 17 billion dollars. But these are some of the sectors in which India is doing well. The May stats induce one to a state of alarm and despondency. 24 billion - 44 billion = -20 billion and this year the Deficit will be > 200 billion. Given the 319 b federal debt, where is India headed ? The stock markets will fluctuate, and it can fluctuate between 18 and 20 K. From the Moon, both Jupiter and Saturn are adverse. The only positive factor is Jove in the Second from the Ascendant. The Rupee is becoming Senior and Gold is down. Inflation will rise to erode savings. Indian economy is likely to be ravaged by Jove in the 12th from the Lunar Ascendant. Agri sector contributes only 17% to the GDP and it lacks innovation and investment. Industry contributes 20% and it is time the Hardware sector is improved. Infrastructure should be improved, even though it needs an investment of one trillion dollars ! Hungry Howies' Food Coupons Dont you want to eat quality food and save money too ? Dont worry. Hungry Howies gives you top class food at affordable rates. Not only is our food economical, but anything but. We give Hungry Howie Coupons which you can avail of. Pizza pies, sub sandwiches, salads, breadsticks et al ! Not to mention pizza crusts, which come in unique flavors like sesame crust, butter cheese, ranch flavored, garlic herb crust, onion crust or crajun crust ! http://hungryhowiescoupons.net/
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Now both Saturn
and Jove are adverse, but Jove in the Second from Ascendant balances !
Jupiter
has left Taurus . He had moved over to Gemini and we are hearing bearish news -
like inflation, lack of infra, exports not upto mark, food inflation, IIP down
etc. Infrastructure is lacking. Power supply for industry is erratic.
Negative Factors
What are
the negative factors, represented by Saturn in the Fourth and Jove in
Twelfth?.
Astrologically both Jupiter and Saturn are pulling down
and India is caught between the cyclical swings of boom and
recession.
The 12th is the House of Loss and during that
phase many economic problems will plague India. Despite the assurances of the
Finance Minister, Indians will find the going tough. North Western India may get
only 80% rainfall. In Kerala, also the SWM has only rained in certain parts.
Anyway Kerala will get a normal monsoon ! In other words, the outook is not so rosy. The 319
billion dollar debt and more than 100 b deficit make India a deficit country.
Despite the developmental talk of the politicians, many parts of India do not
have even potable water and infrastructure. Corruption is rampant and crimes are on the
increase. Sector wise, Industry contributes only 20% of
GDP, Agri only 17% and the rest 63% is accounted by the service sector. It is
time both industry and agri contribute more to the GDP and then only can India
reach the level of China or US. The Agri sector lacks innovation and investment.
India has to improve in the hardware sector in Industry. Only some sectors of
industry - software, tourism etc - are doing well. The political stability in
the wake of the 2014 General Elections can affect the market
considerably. Positive
Factors as represented by Transit Jupiter in the Second from
Ascendant On the positive side, harvest may be strong,
beacuse of the normal monsoon forecast and the agri sector may post a 3% growth.
Industry may post a 4% growth. Electricity generation may go up by 7% and
manufacturing 4%. There are strong FII inflows and a modest economic recovery.
India's potential is great and India has a burgeoning middle class. The falling
rupee will fuel demand for IT stocks. And the Sensex is bound to oscillate
between 18 K and 20 K !
The market is around 20000. If you have a long term perspective, you can go in for blue chips. Indian economy will quadruple in the next ten years and the Sensex will shoot upto 50 K !. Prima Facie, the market appears to be bullish. The Decoupling Theory states that India and China will not be affected by the global meltdown. India seems to be on the recovery path. However we advise caution while investing or speculating.
The quintessence of Contrarian Investing is that one should invest at the Nadir. But we dont know the Nadir yet. We will have to wait. Wait we must, as the world is going through a Global Financial Crisis.
Once the Nadir or the rock bottom level is got, again we must wait. Because the market may lie low for some months, after touching the Nadir !. Only when the market exhibits bullish signals should we buy !
You can play the Bear but we warn you about the Corrective Phase. Please read our latest articles. If you invest now, you will do so at your own risk. It will not be a bad idea to invest in the MCX, the Multi Commodities Exchange.
Commodities Astrology ?
Gold has risen to $1600, after touching $1921.
We are in the midst of a commodity bull market cycle, which started in 2000. We have been advocating buying gold, from $900 onwards. Silver has gone upto $32 and lead and others are following suit. Increased demand from China and India and the bearish nature of the stock market,
Jupitert redeems India !
All savants have praised Jove in the 11th, as He will foster gains of a high order. Jupiter in the 11th is indeed good and you can see the Sensex shoot beyond the 19 K levels.
Today,16012013, it breached the 20 K mark. Now it is at 20004 ! at 11 AM. That is what we have been broadcasting in our columns, Jove in the House of Gains, bringing gains for the investors in the stock market.
Two major policies, permitting FDI in Multi Brand Retail and Banking have seen the Sensex shoot up. Many are expectant that the Sensex may breach the Resistance Level of 21.3 K !
Foreign funds bought 611 crores worth stocks on Monday. The total FII investment in 2012 was $ 22 billion. We expect more or less the same investment, if not more, this year. Total turnover on the BSE was 2406 crores on Monday, 14012013. Nifty is above 6000. Core inflation eased in December. Market leaders, Bajaj Auto and Reliance edged higher.
With Multi Brand Retail coming into the equation - more than 5 billion USD will be invested in India, as 52 centers open up. More than 30,000 cr or $ 6 billion will be invested in the insurance sector within 5 years, as share of FDI has been hiked from 26% to 49%.
Negative Factors to be taken into account before investing
What are the negative factors, represented by Saturn in the Fourth?.
The export dream of $ 360 billion may not be realised this year. Exports have slowed down. Inflation is up, particularly food inflation. The monsoons have been errant and many parts of India have resorted to power cuts. There is draught in US and other countries. Even Kerala has been declared as draught prone. Agri production may be hit, as rains are less this year. Even the North East Monsoon is a failure, bringing in less 25 per cent rains ! God save India and the rest !
Astrologically Jupiter is pulling up and Saturn is pulling down and India is caught between the cyclical swings of boom and recession.
The market will fluctuate as usual and it is now steady at 19.9 K. But Jove in the 11th favours the enterprising. India and China are the two economies growing. India has already become the third largest economy by GDP
PPP, estimated at 4.45 trillion USD. In real GDP terms, however, she is 11th. Her IT exports were 79 billion last year. So India has great potential, along with China, who is growing at a faster rate.
In this context, the Indian stock market offers great opportunities for the investor and this is implied by Jovian 11th Transit. Adverse factors are represented by Saturn and high inflation and value erosion of rupee. So be wise while investing. In the long term you will succeed but you will have to wait and wait, as Saturn is adverse.
So we advise investors to enter at lower levels. Watch the market and buy at declines. Buy only blue chips !
Gold Astrology
On the other gold is up at $ 1682 per ounce and INR 92074 ! Our advice to our readers to buy gold - we have advocating that when gold was at $900 - has come good. The precious metals are indeed precious metals - silver, palladium and platinum.
Despite criticism that Thula Varsha or the North East Monsoon is far away, she is dot on time. It rained heavily in Trichur yesterday. It rained heavily in Madras the day before. Tamil Nadu receives more rains than Kerala in this North East Monsoon phase. In Kerala rains are less this year, with the result we have unwanted power cuts. We hope it pours heavily again. If not Kerala is in for more power cuts. The N E Monsoon has a direct bearing on the economy, as Mr Monsoon is the Finance Minister of India !
China exports more than 2 trillion dollars worth goods. Her manufacturing is more than 30% of GDP. In contrast, India exports more than 350 billion and her share of manufacturing is only 16%. We will have to produce more, particularly in Hardware, work harder, to match China's exports !
See India's plus and minus points. Indians are good at programming, software, mathematical ability, Philosophy, sciences and the arts. The minus points of India are lack of infrastructure, lack of innovation etc India has have to import 70% oil and hardware production is very low when compared to China. China exports more than 140 b hardware, surpassing US last year !
India's best port Nhava Seva handled 4.53 million TEUs last year. Compare this with Shanghai, 31.7 m, Singapore 29.94, Hong Kong 24.38, Jabel Ali 13 m TEUS. And Vallarpadam, the new ICTT, is very far from these figures !
India is a nation of holidays. These 70 holidays should go. In Japan, it is 24/7/365 !
PERSIA-RUSSIA-INDIA-CHINA UNITED FOREVER PERSIA(IRAN LEBANON SYRIA AZERBAIJAN NEW IRAQ)-INDIA-RUSSIA-ASIA-CHINA UNION SHIA-HINDU-ORTHODOX-BUDDHIST UNION MODE...
Eurasian Union is India's best bet. As such she is not in APEC, the world's largest trading bloc, When India applied for APEC membership , she was not taken. APEC has US and China ! Other formidable blocs like NAFTA and the EU excludes India. India has only SAARC and it is not enough. EURASIAN UNION will come as the manna sent from heaven for India !
Eurasia is the greatest continent and 72% of the global population live here.We dont know why Eurasia was divided. May be on the basis of race, Caucasians and Mongloids !
I am convinced that everything has come down to us from the banks of the Ganges, - astronomy, astrology, metempsychosis,.. It is very important to note that some 2,500 years ago at the least Pythagoras went from Samos to the Ganges to learn geometry...But he would certainly not have undertaken such a strange journey had the reputation of the Brahmins' science not been long established in Europe...
said Francois Marie Arouet Voltaire (French writer and philosopher)
Indians are a formidable software super power due to mathematical ability. Indians are the persons who saw beyond the Pythagorus Theorem
Perpendicular = Purusha
Base = Prakriti
Hypotenuse = Divine Man, Divya Purusha.
In Egyptian Symbolism,
Perpendicular = Orisis
Base = Isis
Hypotenuse = The Divine Child, Masonic Christ.
H^2 = a^2 + b^2
where H is the hypotenuse.
If 3 dimensional
h^2 = a^2 + b^2 + c^2
So the mathematical and philosophic ability of the Indians cannot be doubted, as they invented Zero.
The future is India's !
Jupiter in Taurus is favourable for precious metals - gold, silver,
palladium and platinum. We have been advocating buying gold, when it was at 700
USD per ounce. Now it is at 1625 USD. I have been buying gold when the price was
1200 per gm and now it is 2775 per gm.
There is a support level at 2500, but Gold is so bullish that it may not
touch that support level. When it goes down, it is only a secondary reaction in
a bull phase. Gold will continue to be bullish, as long as the dollar and the
rupee remain bearish ! Silver, Palladium, platinum etc are also good
investments.
Regarding the stock market, both bullish and bearish factors are powerful.
2012 and 13 are said to be years of Great Depression and this is a big bearish
factor. But India and China are insulated economies and are the only economies
which are growing. The Eurozone is gone. So is the US ! By 2020, Indian GDP will
quadruple and Sensex will be 50 K. But the Global Recession is affecting India
and China and we should be geared for slower growth ! So the Sensex will
fluctuate as usual and if you have a long term perspective, you can invest in
blue chips and wait for the market to go up !
Saturn in the 3rd is OK but after six months, he will be in India's 4th.
This is Angular Saturn and there will be political chaos. People are
discontented by the rule of complacent and corrupt politicians. Even after
India's downgrade, the politicians are saying that the downgrade is manipulated
! That Fitch's downgrading is all nonsense. It is not patriotism which is behind
this. Just to show that their governance is OK !
Angular Saturn creates other problems as well. Increased consumption of oil
and can mean only increase imports. India's import bill has gone up to 488
billion. We have 303 b exports and that leaves us with a deficit of 185 billion.
We are already burdened by a 319 billion debt ! Where are we headed ? Quo Vadis,
India ? India, despite the talk of being the third largest economy of 4.45 tr
USD GDP PPP, is a minus nation !
Adverse Saturn strikes, as Jupiter tries to redeem India !
Fitch has downgraded India to BBB, the lowest investment grade. From Stable to Negative.
The Rating Agency siad the outlook reflected heightened risks that the growth potential of India will deteriorate if reforms were not accelerated. Governance should be improved. A more postive investment atmosphere should be built.
"India faces an awkward combination of slowing growth and still-elevated inflation. India also faces structural challenges surrounding its investment climate in the form of corruption and inadequate economic reforms," Fitch said in a statement.
The negative outlook reflected India's limited progress in fiscal consolidation and in reducing the deficit ( which stood at 185 billion, the highest in recent years ).
Some positive factors
The market will fluctuate as usual and it is now steady at 16 K. But Jove in the 11th favours the enterprising. India and China are the two economies growing. India has already become the third largest economy by GDP PPP, estimated at 4.45 trillion USD. In real GDP terms, however, she is 11th. Her tourist receipts are more than 200 billion and will reach 375 billion in a couple of years. Her IT exports were 79 billion last year. So India has great potential, along with China, who is growing at a faster rate.
In this context, the Indian stock market offers great opportunities for the investor and this is implied by Jovian 11th Transit. Adverse factors are represented by Saturn and high inflation and value erosion of rupee. So be wise while investing. In the long term you will succeed but you will have to wait and wait, as Saturn is adverse.
S & P had warned India that India will lose her investment grade, if she does not put pedal on reforms. These are the adverse Saturnine factors and industrial development is the bullish Jovian factor !
So we advise investors to enter at lower levels. Watch the market and buy at declines. Buy only blue chips !
Gold Astrology
On the other gold is up at $ 1628 per ounce and INR 91258 ! We have been advocating buying gold and other precious metals - silver, palladium and platinum.
The market will fluctuate as usual and it is now steady at 16 K. But Jove in the 11th favours the enterprising. India and China are the two economies growing. India has already become the third largest economy by GDP PPP, estimated at 4.45 trillion USD. In real GDP terms, however, she is 11th. Her tourist receipts are more than 200 billion and will reach 375 billion in a couple of years. Her IT exports were 79 billion last year. So India has great potential, along with China, who is growing at a faster rate.
In this context, the Indian stock market offers great opportunities for the investor and this is implied by Jovian 11th Transit. Adverse factors are represented by Saturn and high inflation and value erosion of rupee. So be wise while investing. In the long term you will succeed but you will have to wait and wait, as Saturn is adverse.
Even though Goldman Sachs and Price Water Coopers say that India is the third largest in terms of GDP PPP, ( 4.32 tr dollars ) there are many problems that have to be solved.
Our productivity in industry is low. Our yield in Agri is low. Our Marketing should be improved Our Infrastructure should be improved Our Packing and Finishing should be improved Our Quality Control should be improved
There should be more Indian websites and blogs to promote Indian products. We have parallel products to Pepsi, Coke, EFC, KFC etc and we should gear up for global competition.
We should work harder, abandoning the socalled holidays and improve productivity. We should improve yield in agri with Biotech. Then only will our potential be actualised !
Sunday, January 22, 2012
Saturday, January 21, 2012
I just uploaded my video on Stock Market Astrology and here is the embed code and url
Indians lave lost 20 lk crores this year at Dalal Street. Stock Market seems to be a Shock Market.
The Sensex is now 15.6 K and people have lost optimism. The market is sentimental and not fundamental !
Of course, fundamental analysis and technical analysis will work, but experts feel that BRIC countries will come down by 20% in economic performance.
The term BRIC was coined by Jim ONeill and he feels that BRICS may be affected by the global meltdown. 2012 has been projected as a black year, a year of economic recession !
Astrologically, Jupiter in the adverse 10th and Saturn in the adverse 4th is responsible for this calamity. Even though Jove will become positive by May 04 ( that is his entry into Taurus will be good for India ), Saturn is still there with Ardha Ashatama Sani or 1/4 of 8th Saturn ! Saturn can create impediments and India's overall growth will be affected !
Can you believe it ? In 2011, over 364 ecom companies raised over $4.8 billion in venture capital funding. This is an over increase of 85%.
The potential of the ecom industry in India is huge and celebrities are going gung ho over it.
Criketer Zaheer Khan invested in Exclusively.in and Yuvraj Singh also. Exclusively.in had raised $18.8 million of late. Salman Khan, the Bollywood hero invested in watch showroom BeingHumanWatches.com. Actor Ajay Devgan and Sanjay Dutt invested in Ticketplease. Vatsal Shah in celebwears.com, an online portal selling celebrity clothes. Shilpa Shetty invested in GroupHomeBuyers.com, a home buying site.
Not only for monetary gains are the ecom sites eyeing, but also the fan following of their glamourous promoters. The celebrities are normally brand ambassadors, benefitting both the company and the celebrity.
Rightly so, as the Net population of 112 million is expected to become 600 million within five years, provided infrastructure is improved !
The allowance of FDI in Retail has stunned the country. The Opposition parties are up in arms and the PM says there is rollback on FDI.
The estimated size of the Indian Retail Market is 200,000 Crore and it will expand to one trillion within a few years. Organised Retail is only 2%. It is 20% in China.
90% of the small retailers, do not pay tax to the GoI. They operate on a small margin fo 4-7% after all their expenses and the GoI is soft on them. For over decades, they have been serving the Indian consumer and the kirana stores number 12 million. Some of them provide credit facilities and door delivery. They have been the all time fourites for the FMCG companies to introduce and promote new products. But all this changed in 2000 CE, when Organised Retail was born in India. Organised Retail, was then considered to be more costly and innovative, even by the urban consumer. But then Organised Retail has come a long way since then and India is poised for the Retail Revolution.
Organised Retailers are not competing with the kirana stores and both coexist. They compete with other organised retailers. Advertisement spend has gone up and you can see ads of the organised retailers in all newspapers and electronic media. In fact, the kirana stores have not lost business. They have become better than before due to competition.
The logic that small kiranas will run out of business is a big myth. We have one billion people to feed, dress and house and there are plenty of opportunities at the bottom of the pyramid.
Capital infusion is the biggest benefit of the new policy. 50% of the 100 milliion cap should go to back end infra and this means an FDI of 2.5 billiom. Even though the Indian players, Tatas, Ambanis or Birlas have enough capital, what they lack is intellectual capital. We have to get the know how from the international partners the ways and methods to run that business more efficiently. They have been runnning their business for years and FDI comes often bundled with technical, managerial and labour force skills.
Astrologically, as India is receiving the adverse transit influences of Jupiter and Saturn, there will be chaos and the Opposition parties are just proving that. Till May, problems may persist due to the Jovian adverse stance.
Yesterday, the stock market went up, but then we cannot take anything for granted. The current political situation in India will affect the stock market. In October, the exports have only grown 10% to 19 billion. One hopes that the 300 billion export target will be achieved this year.
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Large superstores are inflation busters. In the WalMart Effect, the author Charles Fishman shows that big stores squeeze costs and pass on the gains to consumers, because of formidable competition. They had contributed to the sustained low inflation in the US. Similarly modern supermarkets can tame the inflation tiger in India. They can create jobs, prevent wastage and improve logistics. Which sane person will oppose them?
India's 28 b retail sector will grow by factor of nine within ten years. India's archaic retail sector cannot cope up with the rising demand. Inbuilt inefficiencies and wastage in distribution and storage account for 40%, which does not reach consumers. Fifty million children are malnourished. Foodgrains rot in obsolete warehouses or in transit. Wastage and loss will be avoided by companies who sole aim is profit !
A Bharti-WalMart store in India
Critics point out five major factors
India does not need foreign retails as domestic ones are doing the job well. Independent stores will close, leading to unemployment. Profits will go to foreign players. The Govt has not built consensus. Indian cities will look like their Western counterparts and morality may go down the drain.
On the positive side, Retail can boost the farm sector.
The Parliament and the whole nation is perplexed over FDI in Retail.
FDI has become more varied in recent years and cash inflows have shifted from natural resources, infra and export driven manufacturing to different areas like Tourism, Retaill, construction and off shore services.
FDI to twenty developing economies amounted to USD 45 billion in the retail sector. Significant FDI was received by Brazil, Poland and Thailand in the Retail sector.
In this field, India has been slower. Organised retailing has grown from 10 to 40 percent in Brazil and 20% in China, while in India it is only 2%, in the last decade.
For the global retail chains, India with its huge market amounting to one trillion dollars in retail, is an important destination. The Indian retail landscape is changing, with the rise of the middle class ( 500 million ). The upper and the lower middle class now prefer to buy branded goods from standard showrooms and there are going to 1,50,000 such super market stores in India within 15 years ! The smaller cities are emulating the metros and Retailing has been hailed as one of the surise industries !
"India is the second most attractive retail designation globally, among thirty emergent markets" says A. T. Kearney, awell knownInternational Management Consultant
Unorganised retailing constitute 98% of all retailing trade. Now big domestic players like Reliance have entered the field and is expanding in a big way.
WalMart is partnering Bharti and Carrefour is going to partner Landmark.
Why are the global retailers interested in India ?
Strategic Location and Geography
Enjoying unique geographical advantage, India is strategically located in Asia will links to all markets. Lord Curzon said " Whoever masters India will become the master of Asia and of the whole world". Lord Curzon celebrated India's importance in the Empire and called her the Jewel in the Crown. Total Area 3287 K sq km and 7000 km of Coastline.
Versatile Demographics
With a population of more than 1.2 billion and diverse cultures, India is a land of all seasons. A versatile population of rural and urbal markets. 700 million rural and 500 million urban. The foreign retailers want a slice of the big pie !
Vast growing economy
With a GDP growth hovering around 8-9%, India is rising along with China. Forex reserves more than 300 billion. With a rapidly growing infrastructure, India has all the ingredients of a rising economic super power and is tipped to be the third largest economy by 2050 by GS. ( PWC Report says by 2012, India will surpass Japan and become the third by GDP PPP ).
To become the third largest economy
India will become the third largest economy by 2050, according to Goldman Sachs. Here are the projected GDP figures.
Forecast of GDP ($ Trillion)
Country 2010 2050
China 3.0 44.5 U.S.A 13.3 35.2 India 0.9 27.8 Japan 4. 6 6.7 Brazil .7 6.1 Russia 0.8 5.9 U.K. 1.9 3.8 Germany 2.2 3.6 Italy 1.3 2.1
Astrologically the present turbulent phase caused by adverse Jupiter and Saturn will pave the way for a brighter 2012, after May, when Jupiter moves over to Taurus. In the 11th Jupiter will be benign and the effects of globalisation will be felt in a positive way. India is sure to overtake Japan as the third economic power by 2012 !
Because of the uncertainty of the FDI in multi brand retail, retail stocks are down 10%. Pantaloon is 196, Shoppers Shop, Trent all are down.
Retailers like WalMart, Carrie Four and Tesco will have to contend with India's poor warehouse space, unreliable transport links and chronic lack of cold chain storage.
This is where local knowledge comes in. Local players with established supply chains can get lucrative deals, as the race for one of the largest untapped retail markets is on. It can mean a windfall for players like Pantaloon, Shopper's Stop, the Tata Group and Trent, industry analysts say.
Countering the argument that the move will phase out small shopkeepers, the Government has stipulated that the foreign players must source 30% from SMEs, invest a minimum of 100 million and spend half of that on back end infrastructure.
WalMart and Co may love to sell to the 1.2 billion Indians, but they will have to tackle India's logistical headaches and will have to rely on local expertise.
"If some of them want to throw dollars, burn some cash to build it, they can," said Future Supply Chain's Singh."We are ready made for them. They can use us."
As bandhs and hartals, initiated by the Communists and the saffronites go on in India against the entry of foreign retailers, India is poised for Retail Revolution.
Despite the immense problems faced by the foreign retailers, India's one trillion dollar market is going to change. The retail landscape will change and let us hope that Retail will do to India what electronics did for Japan !
Shoddy roads, minimal cold storage capacity and a myriad of state regulations and taxes will plague WalMart, Tesco, Metro and others. The initial stages will be difficult.
Traditional supply networks use hand pulled wooden carts more than refrigerated freight wagons. Hence 30 percent of India's 200 million tonnes vast fruit and vegetable production goes waste.
"India cannot be seen as easy," Viney Singh, MD of Max Hypermarkets."There are some players that have been in the retail business for more than 10 years, and till date there is no hypermarket player that has made any money."
"Global retailers have expertise from around the world, but in India they will have to develop it," said Future's Singh. "They will all have to go through the learning curve on their own."
The Communists and the saffronites are against this entry of foreign players. They are calling for boycott. Tomorrow is a bandh day, a day of rest, called by the Opposition parties. In Kerala, even some Congress Ministers are against the move. The whole country seems to be in turmoil. We do not think the problem will be solved by a single day's bandh. All work will come to a standstill tomorrow. There may be furthur bandhs. The Kerala Merchants Association has called for a virtual boycott. So also CPI, CPM and BJP. Their argument is socialistic, that the move will hurt the small players. The demerits of the move are highlighted.
The top 30 Retail giants ( turnover in billions of dollars USD )
Astrologically, India is going through a tough phase, with Saturn in the adverse 4th and Jupiter in the unfavourable 10th. Exports have slumped to 19 billion last month. IIP is down. The Sensex is down.Food inflation is hovering at 10%. The Rupee hit 52 mark against the dollar. So for some more months ( till Jupiter leaves Aries ), the Indian atmosphere will be turbulent.
